The Evil Diaries: Proxama, Atlantis Resources and Molins

Something rather interesting seems to have happened at Proxama (PROX), even though it cannot be given a cash value by the average investor. PROX today announces that it enables local beacons to offer advertising material on smartphones operated by travellers in the immediate vicinity. Astonishingly the click-through rate is not the expected 1-2% but as much as 14.5%. Indeed “beacon-triggered real-time travel update notifications are receiving a click-through rate of 44%.” I do not know what this means in hard cash terms for PROX but it is reasonable to be optimistic.

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There was an interesting article published on Master Investor by John Cornford covering Atlantis Resources (ARL). I acquired 40,000 or so when it floated a couple of years ago at 94p. John reckons that this can go on up from hereon. It is just a patience exercise. It’s not too late to climb aboard at now 60p to buy.

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Finally, the law relating to pension funds may be clear to those who know it. But it is as clear as mud for 99% of punters. So Phil Green’s public utterances to the House of Commons should be very revealing. For instance, he will have to explain the entirely ridiculous Mr Chappell’s conduct. But, looking on the bright side, I cannot see any general principle which denies that Molins (MLIN) is very cheap at 60p. Also well worth climbing aboard. It all swings round pension fund law (as I understand it).